Baccarat wins

“Commission approves acquisition of Altico Capital India by Ares SSG Capital Management (Singapore),”it said in a tweet.

“The £25.2m acquisition of Dorothy Perkins, Burton and Wallis completes the transition of Philip Green’s former high street empire solely to the online channel in a move that has been facilitated by COVID-19 and will significantly change the face of UK physical retail. Along with the boohoo group’s acquisition of Debenhams, this will diversity its range of brands, with these Arcadia brands a natural fit for Debenhams as an online marketplace. However, with so much already on the boohoo group’s plate, it must ensure they receive the revamp they desperately need instead of letting them fall by the wayside.

With this infusion, Flipkart Group will own a 7.8 per cent equity stake in ABFRL on a fully diluted basis. The promoter and promoter group companies of ABFRL will hold about 55.13 per cent upon completion of the issuance, ABFRL said in a regulatory filing earlier.

Barrie notes: “Resilience has rarely featured in supply chain reviews, but companies must now build it into their operations if they want to avoid getting caught out in the future.”

The second step simply requires a few photos of a user’s wrist and the watch is virtually placed on the image.  The user can engage with the watch by sliding it back and forth on the wrist, tapping the watch to see full dimensions, and zooming in on the watch dial. It’s easy, accurate, and quite fun.

6. The Fashionable V-Neck Full Sleeve T-shirt

Multiple luxury goods

“Throughout this time, we just slept on the implications of the pandemic on our businesses, how to deal with it, about cash conservation, cost reduction, various survival strategies, etc. I think that the need of the hour is to prepare for what is next,” said Vishak Kumar, CEO Madura Fashion and Lifestyle (Aditya Birla Fashion & Retail), while moderating a session at India’s first Phygital Retail Convention, by IMAGES Group.

India imports around 800 -850 tonnes of gold annually. It is estimated that another 100-120 tonnes of gold enter the country through the grey market route. The duty cut may also help jewellery exports.

With this infusion, Flipkart Group will own a 7.8 per cent equity stake in ABFRL on a fully diluted basis. The promoter and promoter group companies of ABFRL will hold about 55.13 per cent upon completion of the issuance, ABFRL said in a regulatory filing earlier.

The current distinction in GST rates below and above Rs 1000 be removed, and a uniform rate of 5% GST applied. Undoubtedly this decision can ultimately be taken only by the GST Council, the Budget can certainly give an indication and direction to the Council to seriously consider this suggestion.

Arvind Fashions Limited (AFL), the retailer of brands such as Calvin Klein, Tommy Hilfiger and US Polo Assn, is raising Rs 200 crore on rights basis to strengthen its balance sheet this year, according to a report by TNN.

Keeping this view in mind, the Clothing Manufacturers Association of India (CMAI), the largest and oldest representative of the domestic clothing industry, with over 4,000 manufacturers and 20,000 retailer members has made the following suggestions to be incorporated in Budget 2021 for assistance to the sector, which the body feels will go a long way in the revival of the industry:

“The consumer has been subject to a massive metamorphosis. But the resilience that we have seen in our consumers is very heartening for all of us in the retail industry. What businesses need to do now is track the change in consumer expectations as well emerging trends,” said Abhishek Ganguly, MD, Puma India & Head South Asia.

But like most smart retailers, Lenskart was quick to spot and grab the opportunities that the lockdown provided. The company’s forst step was to keep serving the consumer from a distance. “We switched on to cloud telephony for all our staff overnight. So, we have about 2,500 employees calling 5 million consumers. Also, we trained all our employees to take orders online even on the phone. While the number of orders weren’t exactly same, we were very well doing 30-35% of it,” he added.

On home textile, Ind-Ra said it expects the players to increase their market share in terry towels and bed linens, led by supply chain diversification away from China.

John Gearing Vice President & Managing Director, Kontoor Brands Inc., Asia-Pacific said “Lee and Wrangler have operated in India for many years and our partnership with Ace Turtle now enables us to adapt to the changing behaviour of Indian consumers by making our brands increasingly accessible to customers across the country. We’re excited by the technology-focused opportunities that this partnership presents for the Lee and Wrangler brands to flourish in India.”

Following the news that Arcadia brand Evans has been bought out of administration by Australian retail group City Chic Collective, Chloe Collins, Senior Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the situation:

“Revenues for the cotton spinning and the apparel export segments in FY2022 are likely to grow by 15-20 per cent, following a contraction in mid-teens, estimated for FY2021,”it added.

Aditya Birla Fashion and Retail Ltd (ABFRL) is engaged in the business of manufacturing and retailing branded apparels, footwear and accessories, through its retail stores, multi-brand outlets, departmental stores, online retail platforms and e-commerce marketplaces, across India.

Customers can place any Fossil watch on their wrist, with scaled accuracy, in just a few taps.

Home textiles players continued to witness a steady recovery over October-December 2020, led by consumers’ willingness to pay for health and wellness across the US and EU territories, it said.

India imports around 800 -850 tonnes of gold annually. It is estimated that another 100-120 tonnes of gold enter the country through the grey market route. The duty cut may also help jewellery exports.

The secondhand luxury goods market is augmenting the demand for products in the primary market. To encourage the circular economy, legacy brands are embracing resellers.

recover in the coming years.